Where will the claims against the insolvent bank be filed?

Where liquidation is undertaken with judicial intervention, all claims against the insolvent bank should be filed in the liquidation proceeding. It is not necessary that a claim be initially disputed in a court or agency before it is filed with the liquidation court. (Ong v. CA, G.R. No. 112830, Feb. 1, 1996)

Note: The judicial liquidation is intended to prevent multiplicity of actions against the insolvent bank.

Where it is the bank that files a claim against another person or legal entity, the claim should be filed in the regular courts.